Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Sandalwood Oil Market Size is Expected to Grow from USD 157.13 Million in 2023 to USD 312.07 Million by 2033, Growing at a CAGR of 7.10% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Sandalwood Oil Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Synthetic Sandalwood Oil and Natural Sandalwood Oil), By Application (Pharmaceutical, Personal Care & Cosmetics, Aromatherapy, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Sandalwood oil is a fragrant essential oil produced from the heartwood of the sandalwood tree, particularly the Santalum album. It is known for its rich, woodsy scent and has been treasured for many years because of its many uses. Sandalwood oil is renowned for its adaptability and has been included in a variety of products, such as cosmetics and medication mixtures, offering both possible health benefits and olfactory pleasure. Owing to its antibacterial and anti-inflammatory properties, which can aid with anything from minor skin irritations to general wellness, it is also utilized in traditional medicine. The rising demand from consumers for natural and organic products across a variety of industries, such as cosmetics, medicines, and aromatherapy, is one of the main factors propelling the sandalwood oil market in growth. Another important element propelling the sandalwood oil market's expansion is the growing acceptance of aromatherapy. However, one of the main issues in the market is the unavailability of sandalwood.
The natural sandalwood oil segment is expected to hold the largest market share of the global sandalwood oil market through the projected timeframe.
Based on the product type, the sandalwood oil market is classified into synthetic sandalwood oil and natural sandalwood oil. Among these, the natural sandalwood oil segment is expected to hold the largest market share of the global sandalwood oil market through the projected timeframe. A complex variety of bioactive chemicals, including alpha- and beta-santol, which are recognized for their anti-inflammatory, antibacterial, and relaxing properties, are present in natural sandalwood oil that is extracted from the Santalum tree. Natural sandalwood oil is in high demand in the wellness, aromatherapy, and cosmetics sectors because of these qualities. In applications that emphasize health advantages, such as cosmetics and holistic therapies, consumers significantly prefer real sandalwood oil because they frequently link natural products with superior quality and efficacy.
The personal care & cosmetics segment is predicted to hold the highest market share in the global sandalwood oil market through the projected timeframe.
Based on the application, the sandalwood oil market is classified into pharmaceutical, personal care & cosmetics, aromatherapy, and others. Among these, the personal care & cosmetics segment is predicted to hold the highest market share in the global sandalwood oil market through the projected timeframe. Sandalwood Oil's well-known skincare advantages and the growing desire from consumers for natural and organic goods are the main factors driving its expansion in the personal care sector. Sandalwood oil is prized for its antibacterial, anti-inflammatory, and hydrating qualities. For many personal care products, including lotions, creams, soaps, and fragrances, it is perfect. There is a noticeable trend toward natural components that support skin health as consumers grow more conscious of the possible negative effects of synthetic chemicals in personal care products.
North America is expected to hold the largest share of the sandalwood oil market through the forecast period.
North America is expected to hold the largest share of the sandalwood oil market through the forecast period. The growing consumer demand for natural and organic products in the personal care and wellness sectors is the main driver of the sandalwood oil market's expansion in North America. There is an obvious shift away from synthetic substitutes as people get more health-conscious and knowledgeable about the advantages of using organic ingredients. Sandalwood oil has become more and more popular in aromatherapy and personal care products such as soaps, lotions, and fragrances because of its relaxing and healing qualities. The increasing disposable income and purchasing power of customers, which allows them to purchase high-end goods with an emphasis on sustainability and quality, further supports this trend.
Asia Pacific is predicted to grow at the fastest CAGR of the sandalwood oil market over the forecast period. The growing demand for natural and organic products, especially in the beauty and wellness industries, is the main factor propelling the Asian market's expansion. As customers become more conscious of the advantages of natural substances, they are moving away from synthetic alternatives and toward goods that support their health and well-being. An increasingly popular ingredient in cosmetics, personal care items, and aromatherapy, sandalwood oil is well-known for its relaxing effects and skin benefits. The growth of the Asian beauty business, where there is an increasing need for premium, natural formulas, complements this trend even more. Additionally, because sandalwood has long been utilized in holistic medicine and religious rituals, its cultural relevance in many Asian societies adds to its allure.
Competitive Analysis
Major key players in the sandalwood oil market include CLIARA ESSENTIAL OILS, Quintis, Meena Perfumery, RK-Essential Oils, Santanol Group, KS&DL (Karnataka Soaps and Detergents Limited), Shiva Exports India, Eden Botanicals, Plant Therapy Essential Oils, Haldin International, Aroma Magic, Doterra International LLC, Sunrise Agriland Development & Research Pvt. Ltd., Herbo Nutra Extract Private Limited, Shubham Natural Fragrances, and Others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the sandalwood oil market based on the below-mentioned segments:
Global Sandalwood Oil Market, By Product Type
Global Sandalwood Oil Market, By Application
Global Sandalwood Oil Market, By Distribution Channel
Global Sandalwood Oil Market, By Regional Analysis
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